2017: A lucky year for startups?

Startups nail it yet again…

As biggies like Ola and Flipkart raise funds from investors, the world of startups continues to bring more good news. 2017 seems to be a lucky year in the startup history. As per a recent report by Financial Times, funding in the startup galaxy has increased to more than $8.9 bn in 2017. There is a whopping increase in the funding structure. In 2016, Indian technology companies had seen a decrease in funds from $7.7 bn to $4.1 bn, according to research group Tracxn. Again in 2017, the companies regained their momentum.

Here’s a small flashback:

India first saw the technological craze in 1980s after companies like Infosys set foot in India.

By 1990s home-grown internet companies began to flourish in India.

In the late 2000s e-commerce giants like Flipkart and Snapdeal gained ground in India.

In 2013, both Flipkart and Snapdeal saw a new rival in Amazon.

A significant contribution has been made by digital payments player Paytm. It has signed up more than 200m customers.  

The recent figures indicate good news for the startups sector. Do you think the figures are going to aggravate more in the near future?

Source: Financial Times